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Monday, March 8, 2010
Suzuki eyes on getting full control over Maruti
Suzuki Motor Corporation now owns 55% stake in Maruti Suzuki, which has triggered speculation about the Japanese firm’s intentions of taking full control on its Indian subsidiary. As per the Indian rules and regulations relating to stake acquisition, a foreign company is allowed to increase its stake unto 5% each year. As such if the foreign company achieves a stake of 55% and beyond then it can
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